Cap HPI has appointed Derren Martin as head of current valuations following the announcement that senior editor James Dower is leaving the business.
The National Association of Motor Auctions has reported that used car prices rose by 2.4% as average mileages fell by 0.8% at auctions during December.
Cap HPI has revealed the scale of the used car it processes is set to reach record levels in 2018, with 68,000 unique model derivatives now on the market.
Cox Automotive reported a strong end to 2017 as average used car prices rose across its Manheim auctions, Dealer Auction, NextGear Capital and Motors.co.uk businesses.
BCA recorded its fourth consecutive record month of used car prices in a monthly Pulse report which showed values had risen by £465 to £9,868 during December.
Used car prices fell by 3.5% as conversion rates declined during November, according to The National Association of Motor Auctions’ (NAMA) monthly car auction data.
Used car prices at BCA auctions rose to a record high for the third month in a row following a marginal 0.4% increase during November.
Cap HPI has acted on its predictions that automotive will be transformed by data usage over the next five years by driving new innovations from its newly-launched Innovation Hub.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
The average price of a used car increased 6% year-on-year in October, according to data published by Auto Trader.
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
Used car prices rose to their highest ever monthly average price at BCA-operated sales during September – reaching £9,117.
Used car prices increased by 5% as diesel vehicle prices rose 2% in September, according to the latest data from the Auto Trader Retail Price Index.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Average used car selling prices saw a 7.5% increase at auction in August as retailers looked to fill their forecourts for September, the National Association of Motor Auctions (NAMA) has revealed.
Autorola Group has launched its Indicata business intelligence and insight software platform for used vehicle management in the UK.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
Used values remained stable in March as strong demand continued to characterise the market.
